Understanding the Basics of Your Restaurant Payroll Percentage In this article we’ll teach you how to calculate your payroll percentage, why it’s an important measure of the health of your business, and how you can improve it overtime with modern technology and sound management practices. What is Payroll Percentage? Your restaurant payroll percentage is a […]
Ultimate Restaurant Payroll Checklist Name a restaurant process, and chances are you have a reliable checklist for guidance and adherence to best practices. Kitchen procedures? Check(list). Supply chain optimization? Check(list) again. Payroll procedures and guidelines? If running a payroll platform isn’t in your wheelhouse — and don’t worry, it’s not a specialty for most in […]
Introduction to Restaurant Payroll Restaurant owners and operators often approach the topic of payroll with apprehension. There’s the sense that payroll is time-consuming and difficult to get right in the current industry climate. In this article we’ll dispel that impression. Payroll does have multiple moving pieces, but simplifying the payroll process while paying your team […]
Restaurant accounting refers to the specialized field of accounting that focuses on financial management and reporting specific to the restaurant industry. It involves tracking, analyzing, and managing the financial transactions and operations of a restaurant business. Restaurant accounting encompasses various aspects, including bookkeeping, financial statement preparation, budgeting, cash flow management, inventory control, payroll processing, tax […]
The words “take inventory” are enough to make your staff cringe and run off in 30 different directions. You’ve tried getting your staff to do it and it doesn’t go well. They fudge numbers and are very inconsistent. Instead, you’ve tried to do it yourself, but every time you pick up the pen and clipboard, […]
In the fast-paced world of foodservice, efficiency is key. With a multitude of tasks to manage such as purchasing ingredients, managing inventory, and processing invoices, it’s crucial to have streamlined processes in place. AP automation can be a powerful tool that can help you take control of your accounts payable operations and unlock greater efficiency. […]
The foodservice industry is fast-paced and constantly evolving, where margins can be tight and the competition is fierce. One key factor that can make or break a foodservice business is food cost management. Managing food costs is a crucial aspect of running a successful foodservice operation. Inaccurate or inefficient management of food costs can lead […]
Your food cost are one of the biggest factors to your restaurant’s success. Knowing your food costs affects everything from how you price out your menu to what you order on a weekly basis. It is especially important these days to know exactly what your food costs are. Many restaurant owners are counting pennies and […]
Recipe Costing is not a one-time occurrence – it’s an ongoing process. When food costs change, your recipe costs change. The actual purpose behind plate costing is so that you can price your menu items to ensure you’ll make money. If you notice a higher food cost than usual you can adjust your selling price, […]
Prime costs are a key metric in the restaurant industry, as they represent a significant portion of overall expenses. They are the sum of a restaurant’s food and labor costs. In order to calculate it, you will need to add up your COGS and labor costs. Calculate Your COGS and Labor Costs To calculate your […]